Economy

Radiofarda – In a shocking statement, a representative of Sistan and Baluchistan Province in the Supreme Council of Provinces (SCP) says, “The drought has impoverished the people of the province to the extent that children go to school “without breakfast” and some of the “people have not seen a piece of meat for months and feed themselves with pieces of …

Radiofarda – Islamic Republic’s parliament gave a no-confidence vote to Labor Minister Ali Rabiei in its August 8 meeting, after giving him a chance to defend his record.

RFL/RE – With real-world problems sparking a “death spiral” for the rial currency, Iran’s government is turning toward the cyberworld to help skirt U.S. sanctions that will further tighten the economic screws on Tehran.

VOA — As Iranians awoke Tuesday to renewed U.S. sanctions that had been lifted by Tehran’s nuclear deal with world powers, the question on everyone’s mind remained: What happens now?

Radiofarda – Iran’s hardline-dominated Assembly of Experts has called on President Hassan Rouhani to be accountable for Iran’s “chaotic economic situation,” and demanded extensive overhaul of his cabinet.

Radiofarda – Outspoken Tehran MP Mahmoud Sadeghi has said that a number of employees of Iran’s General Inspection Organization (GIO) have been arrested for “accidentally” auditing bank accounts of the Justice Department.

Radiofarda – US President Donald Trump warned countries against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed”, triggering a mix of anger, fear and defiance in Tehran.

Radiofarda – As the first round of reimposed U.S. sanctions against Iran takes effect, the Iranian economy is taking a beating, and Iran’s leaders are expressing concern about maintaining social cohesion in the face of increasing economic pressures.

Al-Arabia – Recently Iran has had a hard time of it. In addition to the United States restoring sanctions as a consequence to pulling out of the Joint Comprehensive Plan of Action (JCPOA), the domestic protests in Iran have spread to every province and the Iranian rial is nearly in freefall, hitting a record low of 120,000 to the dollar last week.

RFL/RE – A first wave of tough sanctions the United States is reimposing on Iran has gone into effect as Washington and Tehran continued to exchange warnings over the far-reaching measures.